PBF Energy shares are trading higher after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $56 to $64.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Overweight rating on PBF Energy and raised its price target from $56 to $64. This has led to PBF Energy shares trading higher.
September 08, 2023 | 3:33 pm
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POSITIVE IMPACT
PBF Energy's stock is trading higher after Wells Fargo maintained an Overweight rating and raised its price target from $56 to $64.
The Overweight rating maintained by Wells Fargo indicates a positive outlook for PBF Energy. The increase in the price target from $56 to $64 suggests that Wells Fargo believes the stock has potential for further growth. This positive sentiment from a major financial institution can lead to increased investor confidence, potentially driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100